Topic: Market confidence in bitcoin. - page 8. (Read 2011 times)
I really sure that bitcoin price now is undervalued, people who buy bitcoin when the price is lower than $7000 is lucky, Bitcoin price will keep rise, and we can't ignore that fact. All is about the increasing number of community. Since there are many whale in bitcoin market then market sentiments can easily influenced by some big investors sentiments.
The confidence in Btc cannot decline in those who really understand the dynamics and are fully aware of the nature of the market. This mostly leads to the panic selling. We need to build more faith in our mother coin
Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?
I think whatever the situation of bitcoin market we need to continue to support it because it is the first valuable digital currency in the history of cryptocurrency. We shouldn't put bitcoin in the garbage after we benefit a lot from it. Always believe in bitcoin that after or even repeatedly dump bitcoin always rise and pump. We shouldn't switch to another coins but you can add other coins to invest.
Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?
This is just the start for pumping this year, alternative reason that we should do is to invest on possible ico project that has a big posibility to rocket up and also do some trading it maybe risky but it is profitable
Finally the correction has come. This is a very good sign for a strong market. I think it is expected but a lot of people lost faith before this happened.
The fall in bitcoin prices from $19000 to $6000 would have shaken confidence of many. It will take time to get their trust back.
Just to correct you, the price suddenly shoots up to $7300 now so it looks like the confidence might be starting to comeback. Guess that's how the market really works isn't it. Just one single news will tip the balance and will start the bull run that we all have been waiting for. So the believed that bitcoin can recover is still there, just a matter of time before we see it goes up again and maybe this is the start of the bull run that we all have been waiting for.
Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?
My opinion is that you would be much safer when you diversify your portfolio, and look long term on your investment.
You should always have bitcoin in your portfolio, at least 50% should be in btc.
The rest could be invested in top20 cryptos, or more risky approach - do your research of recently ended ico's which recently entered exchanges and suffer -x10 or -x20 due to market situation, if you find a right one you might make those x10 or x20.
Most people in Crypto believe in bitcoin, many investors believe bitcoin because bitcoin is the strongest and their investment will be safe with bitcoin. Bitcoin will remain in the market because bitcoin is the most trusted.
The fall in bitcoin prices from $19000 to $6000 would have shaken confidence of many. It will take time to get their trust back.
Since the beginning of the year bitcoin prices continue to decline and there are still many bitcoin users who still survive and hope bitcoin will rise again, but in fact the price of bitcoin increase has not been significant and impressed stagnant and continue to fall, what exactly happened, could the market start to get bored, trust against bitcoin begin to decrease and switch to another coin as an alternative. how in your opinion?
it seems there is a panic among investors, but I am sure not all investors do the same thing, that is selling because of panic.if that happens, it will benefit the whales. and a negative impact on bitcoin.
because of large-scale asset sales, so from now on.
especially for investors, is more observant in responding to the news, because the savvy investor is always firm on its stand.
not to the opinions of others.
Market confidence is shaky right now and its not about just bitcoin, its for altcoins too. As far as i know since the beginning of cryptocurrency, market is unpredictable. So we will see some increased confidence once market becomes bullish.
People trust bitcoin than other coins, that the reason you see almost all coin going down once bitcoin drops. Irrespective of the market situation, bitcoin will always survive and increase in value because of its popularity and limited total supply
Because there are so many ICO projects out there, people are selling bitcoin in pursuit of higher profits.
But this is not a sensible thing to do.
Getting involves in ICO does not mean that investors are only selling their stakes on bitcoins for new ICOs, bitcoins for ICOs are just for payment method only and investors can bring fresh fiat money into the system and convert it to bitcoins for ICO purchases. But this is not a sensible thing to do.
I am convinced that market confidence will never disappear despite the uncertain price conditions such as the ups and downs of current prices and even if the bitcoin price falls then the market will still have high confidence let alone the other coins they will still rely on bitcoin and will always follow its development 
Well the fact that altcoin prices is still tied to that of Bitcoin shows that the market confidence is still with Bitcoin as earlier. Also Bitcoin has gained its dominance back. Bitcoin has its first movers advantage and as long as it manages to innovate and develop there is no other coin replacing it.
The market price might not be good but trust me bitcoin will surely bounce back .BTC will hit $20K by the end of the year, all we have to do is to invest now and reap some time to come
The last six months have been very difficult, the events in the crypto market have frightened investors and participants,but objectively-bitcoin is the future.
Of course they were, that was the whole point. Somebody had to stir the market so that small investors would panic and sell their crypto. Whales profited big time, they bought all of those cheap alts and BTC. BTC is the future, I agree with you, so we just need to wait for it to rise again.
I dont see the actual problem in that, because for now Bitcoin goes to $6,700 and I am fully satisfied with those fluctuations on the level of 6-7 thousands dollars. Bitcoin absolutely doing ok.
Naturally, if the belief in bitcoin begins to diminish, and the market seems bored, some bitcoin users also switch to other coins as an alternative. This is because since the beginning of January 2018 bitcoin has decreased in price and it seems that the price is not moving up but it goes down further, so many people sell bitcoin to avoid the losses they might get if they keep hold of bitcoin they have. My hope of bitcoin can again show its strength as the best crypto and in the near future the price can move up higher, so the confidence in bitcoin will recover.
The last six months have been very difficult, the events in the crypto market have frightened investors and participants,but objectively-bitcoin is the future.
I think you misunderstand the situation as of now. As far as i know since the beginning of cryptocurrency, market is unpredictable. If you will check the history of bitcoin you can see the same situation which happening at this time. The pattern always repeats itself. Maybe we should be more patient and wait for the market to recover itself. Just wait for the right time.
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